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Vice President, Lead Commercial Real Estate Portfolio Manager
Wells FargoVice President managing a portfolio of commercial real estate loans as part of Wells Fargo's banking services. Analyzing market opportunities and collaborating with clients across various property types.
About the role
Key responsibilities & impact- Manage a portfolio of commercial real estate loans and investments within Real Estate Banking, our primary balance sheet lending CRE platform
- Analyze and underwrite new loan opportunities within the assigned portfolio, utilizing market research, internal loan information, client data, and third-party market research
- Review and make recommendations for approval (or denial) of loan requests, lease approvals, collateral releases, requests for letters of credit, funding of reserves/loan holdbacks, loan extensions and loan modifications
- Collaborate with senior portfolio managers and coverage bankers to develop strategies around relationship optimization and deal level execution
- Interface with customers to assist in identifying needs and maintaining strong relationships
- Perform both sponsorship and loan level financial analysis
- Complete in-depth property level analysis and market research
- Present and advocate to credit committee for approval of loans
- Work with outside counsel, internal compliance, and our loan closing teams to close modifications and new loans, including review of third-party reports and loan documentation
- Review and approve construction loan draws
- Conduct quarterly and annual portfolio reviews to identify potential concerns
- Conduct property tours and site visits
- Maintain an in-depth knowledge of the local commercial real estate market
- Make decisions in complex and multifaceted situations requiring exceptional understanding of the function, policies, procedures, and compliance requirements to influence broader work efforts, meet deliverables, and drive initiatives
- Present recommendations for resolving complex situations and exercise independent judgment based on expertise in the function, policies, procedures, and compliance requirements
- Identify opportunities for process improvements within scope of responsibilities or functional area
Requirements
What you’ll need- 5+ years of Commercial Real Estate Portfolio Management experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- 5+ years experience with commercial property types including multifamily, retail, industrial, office, hospitality, and other asset classes
- Ability to develop and maintain strong relationships while actively participating in the successful execution of complex transactions
- Experience with various facility types including construction, term, bridge, perm, lines of credit, etc. and loan structures including recourse/non-recourse, secured/unsecured, and mezzanine financing
- Experience evaluating market conditions and identifying appropriate comparable properties
- Ability to apply sound judgment in the application of analytical conclusions to credit approval, structure, and management recommendations
- Strong verbal, written, and interpersonal communication skills
- Ability to interact with all levels of an organization
- Intermediate Microsoft Office skills, with advanced capability in Microsoft Excel to support accounting and finance functions
- Demonstrated leadership in coaching, training, and mentoring
- A BS/BA degree or higher
Benefits
Comp & perks- This position is not eligible for VISA sponsorship
- This position is subject to FINRA background screening requirements
- Wells Fargo maintains a drug free workplace
ATS Keywords
✓ Tailor your resumeApplicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
commercial real estate portfolio managementfinancial analysismarket researchloan underwritingcredit approvalconstruction loan managementloan modificationproperty level analysistransaction executionprocess improvement
Soft Skills
relationship managementcommunication skillsjudgmentleadershipcoachingmentoringproblem-solvingcollaborationindependent decision-makinginterpersonal skills
Certifications
BS/BA degree